Gold is strongly bearish, keep selling the rallies
Hello traders, price action still indicates that Gold is strongly bearish.
If you follow me, you will know that our sell from the 2004 level on Friday
is in very handsome profits.
Currently, I am looking for a pullback in Gold. If Gold reaches the 1970 level
again, I would consider selling Gold again with 1920 as my target.
In fact, there's a high probability that Gold may even break the 1900
level and reach 1880 level in the coming weeks
If you follow me, you will know that our sell from the 2004 level on Friday
is in very handsome profits.
Currently, I am looking for a pullback in Gold. If Gold reaches the 1970 level
again, I would consider selling Gold again with 1920 as my target.
In fact, there's a high probability that Gold may even break the 1900
level and reach 1880 level in the coming weeks
Comment:
Price holding below 1950, we might see another bearish impulse move soon
Comment:
Another drop of 50 pips
Comment:
As expected price is retracing, let’s if it reaches the 1970 level
Comment:
When I published the idea, Gold was at 1946. Now it is at 1962. A gain of 160 pips
Trade active:
Sold at 1965 at the 4H dynamic resistance
Trade closed manually:
Closed@1938